People in Turkey are increasingly turning to bitcoin as the local currency, the Turkish lira, recently hit another record low against the dollar. Bitcoin adoption in Turkey outshines other countries in the region. Turkey Is Regional Leader in Bitcoin Adoption Bitcoin adoption has been increasing in Turkey as the local currency, the Turkish lira, hit another record low Thursday, reportedly touching 7.95 to the dollar…. Source link

A legendary bar and restaurant in Germany that was reportedly the first to ever accept cryptocurrency as a form of payment has permanently closed. According to an Oct. 18 Reddit post from Joerg Platzer, founder of Room 77, the first brick-and-mortar business to accept Bitcoin (BTC) is no longer accepting customers and has shuttered its doors. In a goodbye message riddled with references to Douglas Adams’ The Hitchhiker’s Guide to the Galaxy, Platzer said “thanks again for all the fish and… Source link

Litecoin, like many altcoins in the market, has seen its price drop on the charts. At press time, a consolidation after the aforementioned drop seemed to be ongoing, following which, LTC may be due for a small pump. Overall, Litecoin’s price was observed to be up for a small pump, one that could turn bullish if it breaks the larger consolidation pattern. Litecoin 1-day chart Source: LTCUSD on TradingView Litecoin’s one-day chart noted a consolidation pattern in the form of a symmetrical… Source link

Privacy-focused crypto currency Monero (XMR) has completed an important update today. Transaction sizes have been reduced significantly, while transaction times have also been reduced. Privacy-focused cryptocurrency project Monero left behind an important update today. With this update, a number of major changes have been implemented in Monero. It can now be said that Monero has better scalability and performance. CLSAG signatures started to be used instead of MLSAG signatures previously… Source link

Get Forbes’ top crypto and blockchain stories delivered to your inbox every week for the latest news on bitcoin, other major cryptocurrencies and enterprise blockchain adoption. getty THREE MAJOR CORPORATES BUYING CRYPTO IS A TREND Forbes broke the story that $10 billion Stone Ridge Asset Manager purchased $100 million worth of bitcoin to make it the firm’s “primary treasury reserve asset.” This announcement follows recent news from MicroStrategy ($425… Source link

Cybersecurity researchers are warning of a recent spike in activity of a stealthy digital currency mining botnet. Known as Lemon Duck, it targets Windows users and spreads by sending rich text format (RTF) files via email. Lemon Duck has been around since December 2018. However, researchers at Cisco-owned Talos Intelligence Group have noticed a sharp rise in DNS requests connected with its command-and-control (C2) servers since the end of August. In a blog post, the researchers revealed… Source link

Bitcoin has found fresh support this year, bolstered by growing disquiet among investors over central bank and government stimulus measures. The bitcoin price, up around 50% since January to $11,400 per bitcoin, has rallied in line with equity markets since a coronavirus-induced crash in March. Now, after the bitcoin and cryptocurrency community was set alight by a bold $1 trillion prediction from a major Tesla TSLA investor last month, a former Goldman Sachs GS hedge… Source link

Bitcoin (BTC) exchange reserves are continuously plummeting as analysts pinpoint the trend to a shortage of sellers. Since the March crash, the reserves on exchanges rapidly fell from 2,950,000 BTC to 2,700,000 BTC. Within merely seven months, a 250,000 BTC fall in exchange reserves signifies a $2.85 billion decline. Behind the steep trend could be two major factors: a decline in sellers and lower trust toward exchanges. Bitcoin reserves on exchanges. Source: Glassnode Is the number of Bitcoin… Source link

Europol’s latest report names Monero as one of the most used cryptocurrencies on the Darkweb Earlier this week, the privacy-focused currency logged the highest levels since September 2018 A deeper correction could push XMR towards $108, which should be seen as a buying opportunity Monero (XMR) price is trading nearly 5% lower this week after an impressive rally that resulted in a new 2-year high. The digital asset focused on privacy has also found itself in the Europol’s… Source link

Europol’s latest report names Monero as one of the most used cryptocurrencies on the Darkweb Earlier this week, the privacy-focused currency logged the highest levels since September 2018 A deeper correction could push XMR towards $108, which should be seen as a buying opportunity Monero (XMR) price is trading nearly 5% lower this week after an impressive rally that resulted in a new 2-year high. The digital asset focused on privacy has also found itself in the Europol’s… Source link